Cost inflation slowing for upstream projects
Costs rose seven percent in the last six months, compared with a 13 percent rise in the previous half-year period, survey shows
For Petroleum News
Costs for upstream capital projects in the oil and gas industry continue to climb, but at least the rate is slowing a bit. Over the last six months, costs rose by 7 percent, according to Cambridge Energy Research Associates. That was only about half the rate of climb in the prior six months.
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